Congress is poised to increase energy bills by hundreds of dollars per household

In the case of subsidizing clean energy I believe that most analysts have found that it results in a big net improvement in the long run.

Markets can get stuck in a local minimum where even though there is another local minimum that is lower than the current local minimum the market on its own won't move to that lower minimum because the cost to get out of the current local minimum is more than individual actors can afford.

Also in the case of clean energy there are benefits that aren't captured in the market price of clean energy or the price of fossil fuels, such as the effects of pollution. Pollution from fossil fuels leads to a lot of health costs in humans and also significantly reduces crop yields for example.

> “Clean electricity has zero generation cost,”

The context is, operating cost is minimal. Resources that power the generation is zero, being that wind and sun are not commodities bought from suppliers. Coal and gas need to be bought first, before generating power. Without tax breaks to build renewables, gas and coal goes up with demand creating long term cost that will far out live temporary tax cuts. Cuts in a bill that will increase the debt by over 3 Trillion, and 5 Trillion if the temporary cuts get made permanent by 2034.

It's not $250+ electric bill but ~500 in tax cuts. Cuts are temporary (3-4 years? unless renewed) but the electric bill will just keep on chugging.

They could do things like restore ATM collection above 400k (+300B), Corporate SALT caps (+400B), expire the 199a pass-through above 200/400k (+470B), dont extend lower Intl rates for business (+165B), remove the extend & expand Estate cut (+210B), set the top rate to 39.6% above 400k (+650) [0]

Thats 2.2T or so using a bit of your math while leaving in most tax cuts for people making under 400k. And Trump gets to keep his vanity "Trump Account" that will cost 17B. Win Win for the majority of the population.

Letting the tax rate cuts expire would create ~3.4T in revenue instead of burden us for decades. Wasn't that the whole thing in the first place, reduce debt? Not increase it? Or just let the tax rates go halfsy and come away with 1.6T plus some of the 2.2T.

The IRA cuts are only a ~570B gain , part of that was for training and hiring workers, with a goal of a ~million jobs (iirc, I won't cry over its loss, but it's spending is a net good compared to the wastefulness of many of the tax cuts). This bill is going to cost us far more than the temporary tax saving for us, and more cuts for companies at the expense of the people.

[0] https://www.crfb.org/blogs/breaking-down-one-big-beautiful-b... a few of the proposed cuts comes from links within this OBBBA breakdown

a lot of subsidies ease early adoption and help scale up manufacturing and installation so prices can come down

It’s not complicated. The Republican party serves the interests of the obscenely wealthy. That very much includes fossil fuel tycoons and friends. If people believe in climate change, fight it, and move away from fossil fuels, that ruins their investments and their fortunes. They don’t like that.

This bill ensures those in power increase their power. The transfer of wealth continues and wealth inequality grows. From their point of view, mission accomplished. They don’t care if people or the Earth itself are harmed. They actually enjoy that it harms others.

I keep saying this, but I have to say it again. They are just evil. When you accept this, everything about the right wing is easy to understand.

It was democrats that crushed nuclear in the 90s